In-House Counsel, Money, Skaddenfreude

Skaddenfreude: A Little In-House Salary Data

100 dollar bill Above the Law Above the Law law firm salary legal blog legal tabloid Above the Law.JPGWe previously requested information from you about in-house counsel compensation. We’ve received a few Skaddenfreude submissions, but not enough to publish. So if you’d be willing to give us the dish, please click here, to review the submission guidelines.
In the meantime, an article in the National Law Journal offers some information about in-house lawyer salaries. Here’s an excerpt:

In-house attorney salaries and bonuses continued their upward trajectory, with base salaries climbing 2.2 percent to 9.5 percent, and bonuses climbing as much as 71 percent, according to a new survey from legal consultant Altman Weil Inc….

Although recent graduates enjoyed only a 2.2 percent salary bump, and staff attorneys collected only 3.5 percent more in their paychecks — compared with 8.5 percent for senior attorneys, 9.5 percent for high-level specialists, and 8 percent for chief legal officers — lower-level corporate lawyers reaped massive bonuses.

Bonuses for senior attorneys jumped by 14.4 percent for senior attorneys, 62.5 percent for junior attorneys, and 71 percent for staff attorneys. Division general counsel collected 20.3 percent more in bonus money, while managing attorneys pulled down an additional 25.3 percent.

Bonuses for chief legal officers dipped to a median bonus of $132,000, compared with $104,000 for division general counsel and $29,200 for senior attorneys.

Sadly, the NLJ article doesn’t provide more basic information about average salaries or total compensation. If you have access to the full Altman Weil study, we’d love to see it. If you could send it to us by email, we’d be most grateful.
In-House Pay Continues to Climb [National Law Journal via NYLawyer.com]
Earlier: Skaddenfreude: In-House Salaries, Please

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